Meta Acquires 475-Acre Development Site In Sandston, VA For $35.3M
Sandston, Virginia, United States
$35,300,000
Building Size
—
Asset Type
Development Site
Closing
Nov 28, 2022
AI
Meta, the company led by Mark Zuckerberg, has recently purchased a 475-acre development site in Sandston, VA. The transaction took place on November 28, 2022, and the sale price for the property was $35,300,000. The acquisition of this extensive site is part of Meta's plan to expand their Virginia Data Meta Center Campus.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $35,300,000
- Market: Sandston, VA
- Acreage: 475 acres
Mark Zuckerberg, acting as the representative for Meta, oversaw the purchase of this significant development site. The acquisition allows Meta to further strengthen and expand its data center infrastructure in Virginia. This strategic move aligns with Meta's ongoing efforts to enhance its technological capabilities and support its expanding user base.
Please note that these are the available details regarding the transaction. For more information, kindly refer to the provided Instagram post.
Players
Sandston Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93